Jackson’s Q2 retail annuity sales of $5.9 billion were up 34% from the second quarter of 2025.
A single lump sum is exchanged for guaranteed monthly income for life, with payments beginning within one month, so families can fund an assisted living community, a memory care unit, or in-home care without drawing down every other asset they have.
An NAIC working group is moving into a new phase of its effort to overhaul annuity illustration rules.
AM Best has revised the outlooks to negative from positive and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of the following subsidiaries of Group 1001 Insurance Holdings, LLC: Delaware Life Insurance Company and Clear Spring Life and Annuity Company. These companies are referred to as the Group 1001 Life& Annuity…
Like most financial products, market value-adjusted (MVA) fixed annuities come with trade-offs.
How will PE firms originate and manage the next generation of long-duration assets?
The plan is designed to fill the gap between what a care recipient needs to spend monthly on care and the amount of monthly income they have from sources such as Social Security, a pension or interest on investments.
Delaware Life Insurance Company, a leading provider of innovative and customizable financial solutions, today launched TrackGuard+™, a bonus fixed index annuity that combines a high upfront premium bonus, a strong lineup of index crediting strategies, enhanced in-contract liquidity, and principal protection in a single solution. “Many of today’s savers want…
Total U.S. annuity sales rose 4% year over year to a record $123.9 billion in the second quarter of 2026,…
Baker succeeds Lowell Aronoff, who cofounded CANNEX in 1984. Aronoff will become the chairman of a newly created board of directors.
Corebridge Financial announced the addition of Protected Growth Benefit and preset allocation options to select versions of The Power Series…
Corebridge Financial announced the addition of Protected Growth Benefit and preset allocation options to select versions of The Power Series of Index Annuities, enhancing the accumulation and diversification capabilities of the company’s index annuity lineup.
Life insurance and annuity sales hit records in 2025 and there’s every indication that those products will continue to see strong growth through the end of this year.
Jackson Financial Inc. 1 today announced Laura Prieskorn, President and Chief Executive Officer, has shared her plans to retire at the end of 2026. Don Cummings, Executive Vice President and Chief Financial Officer, will succeed Prieskorn as President and CEO and as a member of the JFI Board of Directors, effective October 1, 2026. Brian Walta will succeed…
A cautionary tale about what can go wrong when an insurer loses its financial footing
The Department of Labor is urging a federal appeals court to dismiss a lawsuit challenging a major pension risk transfer deal.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aaa” of New York Life Insurance Company, New York Life Insurance and Annuity Corporation, Life Insurance Company of North America, New York Life Group Insurance Company of NY and NYLIFE Insurance Company of Arizona. All companies are referred to as New York Life and…
For 20 years, the retirement income debate has been framed as a product argument. That framing misses a deeper issue.
The use of agentic AI in the insurance industry has positively impacted sales by empowering consumers and helping less experienced agents overcome barriers, according to an industry expert.
Canvas Annuity, a digital direct-to-consumer annuities provider, recently announced a new 10-year multi-year guaranteed annuity.
